Eiopa Feed News https://www.eiopa.europa.eu/rss/all_en Feed for the news and the press releases en EIOPA’s Risk Dashboard: European insurers remain exposed to high risks since the outbreak of COVID-19 https://www.eiopa.europa.eu/content/eiopa%E2%80%99s-risk-dashboard-european-insurers-remain-exposed-high-risks-outbreak-covid-19_en EIOPA’s Risk Dashboard: European insurers remain exposed to high risks since the outbreak of COVID-19
Today the European Insurance and Occupational Pensions Authority (EIOPA) published its updated Risk Dashboard based on the first quarter of 2020 Solvency II data. The results show that the risk exposures of the European Union insurance sector remain generally high compared to April as a result of...
Mon, 17 Aug 2020 13:10:58 +0000 Pia Mujkic 7040 at https://www.eiopa.europa.eu EIOPA publishes bi-weekly information for Relevant Risk Free Interest Rate Term Structures and Symmetric Adjustment to Equity Risk with reference to 11 August 2020 https://www.eiopa.europa.eu/content/eiopa-publishes-bi-weekly-information-relevant-risk-free-interest-rate-term-structures-and-0_en EIOPA publishes bi-weekly information for Relevant Risk Free Interest Rate Term Structures and Symmetric Adjustment to Equity Risk with reference to 11 August 2020
Due to COVID-19 outbreak, European Insurance and Occupational Pensions Authority is carrying out extraordinary calculations every two weeks to monitor the evolution of the relevant risk-free interest rate term structures (RFR) and the symmetric adjustment to equity risk (EDA). EIOPA is publishing...
Fri, 14 Aug 2020 09:28:49 +0000 Pia Mujkic 7038 at https://www.eiopa.europa.eu EIOPA finalises the regulation of the pan-European Personal Pension Product https://www.eiopa.europa.eu/content/eiopa-finalises-regulation-pan-european-personal-pension-product_en EIOPA finalises the regulation of the pan-European Personal Pension Product
Today the European Insurance and Occupational Pensions Authority (EIOPA) delivered to the European Commission a set of draft Regulatory and Implementing Technical Standards and its advice on Delegated Acts to implement the framework for the design and delivery of the Pan-European Personal Pension...
Thu, 13 Aug 2020 10:17:03 +0000 Pia Mujkic 7037 at https://www.eiopa.europa.eu Pepp timeline 2020 https://www.eiopa.europa.eu/content/pepp-timeline-2020-0_en Pepp timeline 2020
EIOPA submits to the European Commission draft regulatory and implementing technical standards
Mon, 17 Aug 2020 05:45:50 +0000 Pia Mujkic 7039 at https://www.eiopa.europa.eu EIOPA publishes monthly technical information for Solvency II Relevant Risk Free Interest Rate Term Structures – end-July 2020 https://www.eiopa.europa.eu/content/eiopa-publishes-monthly-technical-information-solvency-ii-relevant-risk-free-interest-rate_en EIOPA publishes monthly technical information for Solvency II Relevant Risk Free Interest Rate Term Structures – end-July 2020
Today, the European Insurance and Occupational Pensions Authority (EIOPA) published technical information on the relevant risk free interest rate term structures (RFR) with reference to the end of July 2020. RFR information has been calculated applying the content of the Technical Documentation...
Wed, 05 Aug 2020 11:10:03 +0000 Pia Mujkic 7019 at https://www.eiopa.europa.eu Monthly update of the symmetric adjustment of the equity capital charge for Solvency II – end-July 2020 https://www.eiopa.europa.eu/content/monthly-update-symmetric-adjustment-equity-capital-charge-solvency-ii-%E2%80%93-end-july-2020_en Monthly update of the symmetric adjustment of the equity capital charge for Solvency II – end-July 2020
The European Insurance and Occupational Pensions Authority (EIOPA) has published the technical information on the symmetric adjustment of the equity capital charge for Solvency II with reference to the end of July 2020. Click here to view the documentation
Wed, 05 Aug 2020 10:52:31 +0000 Pia Mujkic 7018 at https://www.eiopa.europa.eu EIOPA launches its Solvency II Single Rulebook https://www.eiopa.europa.eu/content/eiopa-launches-its-solvency-ii-single-rulebook_en EIOPA launches its Solvency II Single Rulebook
Today the European Insurance and Occupational Pensions Authority (EIOPA) launched its first Single Rulebook. The Single Rulebook is an online tool focused on Solvency II that further promotes the consistent implementation of the regulatory framework for insurance supervision. The main benefit of...
Thu, 30 Jul 2020 16:15:04 +0000 Ramona Delcea 6896 at https://www.eiopa.europa.eu EIOPA outlines key financial stability risks of the European insurance and pensions sector https://www.eiopa.europa.eu/content/eiopa-outlines-key-financial-stability-risks-european-insurance-and-pensions-sector-1_en EIOPA outlines key financial stability risks of the European insurance and pensions sector
Today the European Insurance and Occupational Pensions Authority (EIOPA) published its July 2020 Financial Stability Report of the (re)insurance and occupational pensions sectors in the European Economic Area. During the last months, the Covid-19 outbreak further proved the importance of the...
Thu, 30 Jul 2020 08:36:33 +0000 Ramona Delcea 6890 at https://www.eiopa.europa.eu Insurance against pandemic risk: EIOPA identifies options for shared resilience solutions https://www.eiopa.europa.eu/content/insurance-against-pandemic-risk-eiopa-identifies-options-shared-resilience-solutions_en Insurance against pandemic risk: EIOPA identifies options for shared resilience solutions
Today the European Insurance and Occupational Pensions Authority (EIOPA) published its Issues Paper highlighting options for developing shared resilience solutions for pandemic risk. The paper recognises that private insurance solutions alone will not be sufficient to protect society against the...
Mon, 27 Jul 2020 10:23:17 +0000 Ramona Delcea 6884 at https://www.eiopa.europa.eu EIOPA Statement on Solvency II supervisory reporting in the context of COVID-19 https://www.eiopa.europa.eu/content/eiopa-statement-solvency-ii-supervisory-reporting-context-covid-19-0_en EIOPA Statement on Solvency II supervisory reporting in the context of COVID-19
Following EIOPA’s Recommendations of 20 March 2020 on annual and quarterly reporting and publication deadlines, EIOPA considers that insurance and reinsurance undertakings should now be in condition to comply with the deadlines provided in the Solvency II framework . In the context of the current...
Mon, 27 Jul 2020 12:13:30 +0000 Ramona Delcea 6887 at https://www.eiopa.europa.eu IRSG and OPSG elect Chairs and Vice Chairs https://www.eiopa.europa.eu/content/irsg-and-opsg-elect-chairs-and-vice-chairs_en IRSG and OPSG elect Chairs and Vice Chairs
Today, at its first meeting, the Insurance and Reinsurance Stakeholder Group (IRSG) elected Michaela Koller (Insurance Europe) as Chair and Paul Fox (Finance Watch) as Vice Chair of the IRSG. On 16 July, the Occupational Pensions Stakeholder Group (OPSG) already elected Bernard Delbecque (European...
Tue, 21 Jul 2020 15:51:05 +0000 Ramona Delcea 6881 at https://www.eiopa.europa.eu Supervisory Statement on the Solvency II recognition of schemes based on reinsurance with regard to COVID-19 and credit insurance https://www.eiopa.europa.eu/content/supervisory-statement-solvency-ii-recognition-schemes-based-reinsurance-regard-covid-19-0_en Supervisory Statement on the Solvency II recognition of schemes based on reinsurance with regard to COVID-19 and credit insurance
Today, the European Insurance and Occupational Pensions Authority (EIOPA) has published a Supervisory Statement on the Solvency II recognition of schemes based on reinsurance with regard to COVID-19 and credit insurance . The Statement provides EIOPA’s view on the exceptional supervisory treatment...
Tue, 21 Jul 2020 09:38:25 +0000 Claire Bose 6880 at https://www.eiopa.europa.eu ESAs notify the European Commission about the outcome of the review of the PRIIPs key information document https://www.eiopa.europa.eu/content/esas-notify-european-commission-about-outcome-review-priips-key-information-document_en ESAs notify the European Commission about the outcome of the review of the PRIIPs key information document
The European Supervisory Authorities (ESAs) have informed the European Commission of the outcome of the review conducted by the ESAs of the key information document (KID) for packaged retail and insurance-based investment products (PRIIPs). This follows the ESAs’ consultation paper published on 16...
Tue, 21 Jul 2020 07:22:29 +0000 Ramona Delcea 6877 at https://www.eiopa.europa.eu Ultra-low yields and COVID-19 crisis significantly affecting the European insurance sector https://www.eiopa.europa.eu/content/ultra-low-yields-and-covid-19-crisis-significantly-affecting-european-insurance-sector_en Ultra-low yields and COVID-19 crisis significantly affecting the European insurance sector
Today, the European Insurance and Occupational Pensions Authority (EIOPA) published the report on the Impact of ultra-low yields on the insurance sector, including first effects of the COVID-19 crisis. The ultra-low interest rate environment remains a key concern for the insurance market. It...
Fri, 17 Jul 2020 13:34:42 +0000 Ramona Delcea 6872 at https://www.eiopa.europa.eu EIOPA publishes bi-weekly information for Relevant Risk Free Interest Rate Term Structures and Symmetric Adjustment to Equity Risk with reference to 14 July 2020 https://www.eiopa.europa.eu/content/eiopa-publishes-bi-weekly-information-relevant-risk-free-interest-rate-term-structures-and_en EIOPA publishes bi-weekly information for Relevant Risk Free Interest Rate Term Structures and Symmetric Adjustment to Equity Risk with reference to 14 July 2020
Due to COVID-19 outbreak, European Insurance and Occupational Pensions Authority is carrying out extraordinary calculations every two weeks to monitor the evolution of the relevant risk-free interest rate term structures (RFR) and the symmetric adjustment to equity risk (EDA). EIOPA is publishing...
Fri, 15 May 2020 17:01:50 +0000 Claire Bose 6767 at https://www.eiopa.europa.eu EIOPA publishes the Ultimate forward rate (UFR) for 2021 https://www.eiopa.europa.eu/content/eiopa-publishes-ultimate-forward-rate-ufr-2021_en EIOPA publishes the Ultimate forward rate (UFR) for 2021
Today, the European Insurance and Occupational Pensions Authority (EIOPA) published the calculation of the Ultimate Forward Rate (UFR) for 2021. EIOPA calculated the ultimate forward rate (UFR) for 2021 in accordance with the methodology to derive the UFR (p.p. 106-109). For the euro, the...
Thu, 16 Jul 2020 17:10:46 +0000 Ramona Delcea 6868 at https://www.eiopa.europa.eu EIOPA responds to the European Commission’s consultation on a renewed sustainable finance strategy https://www.eiopa.europa.eu/content/eiopa-responds-european-commission-consultation-renewed-sustainable-finance-strategy_en EIOPA responds to the European Commission’s consultation on a renewed sustainable finance strategy
The European Insurance and Occupational Pensions Authority (EIOPA) submitted today its response to the consultation of the European Commission on a renewed sustainable finance strategy. The aim of the European Commission’s strategy is to increase private investment in sustainable projects and...
Thu, 16 Jul 2020 09:48:15 +0000 Ramona Delcea 6866 at https://www.eiopa.europa.eu EIOPA announces the new composition of its two stakeholder groups https://www.eiopa.europa.eu/content/eiopa-announces-new-composition-its-two-stakeholder-groups_en EIOPA announces the new composition of its two stakeholder groups
The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) has appointed new members to the Insurance and Reinsurance Stakeholder Group (IRSG) and Occupational Pensions Stakeholder Group (OPSG). The two groups consist of a broad range of stakeholders,...
Wed, 08 Jul 2020 14:34:57 +0000 Ramona Delcea 6859 at https://www.eiopa.europa.eu EIOPA clarifies supervisory expectations on product oversight and governance requirements in the context of COVID-19 https://www.eiopa.europa.eu/content/eiopa-clarifies-supervisory-expectations-product-oversight-and-governance-requirements_en EIOPA clarifies supervisory expectations on product oversight and governance requirements in the context of COVID-19
To ensure the continuing fair treatment of customers in light of COVID-19, insurance manufacturers are asked to: Identify their products affected as a result of COVID-19 Assess possible unfair treatment of customers for these products Consider proportionate remedial measures Today, the European...
Wed, 08 Jul 2020 10:09:47 +0000 Claire Bose 6858 at https://www.eiopa.europa.eu Monthly technical information for Solvency II Relevant Risk Free Interest Rate Term Structures – end-June 2020 https://www.eiopa.europa.eu/content/monthly-technical-information-solvency-ii-relevant-risk-free-interest-rate-term-structures-0_en Monthly technical information for Solvency II Relevant Risk Free Interest Rate Term Structures – end-June 2020
Today, the European Insurance and Occupational Pensions Authority (EIOPA) published technical information on the relevant risk free interest rate term structures (RFR) with reference to the end of June 2020 . RFR information has been calculated for the first time Using Refinitiv as the main market...
Wed, 04 Mar 2020 12:21:12 +0000 Ramona Delcea 6629 at https://www.eiopa.europa.eu Innovation for the benefit of consumers: Opening remarks by Gabriel Bernardino at the European Forum for Innovation Facilitators (EFIF) https://www.eiopa.europa.eu/content/innovation-benefit-consumers-opening-remarks-gabriel-bernardino-european-forum-innovation_en Innovation for the benefit of consumers: Opening remarks by Gabriel Bernardino at the European Forum for Innovation Facilitators (EFIF)
While there is growing acceptance of and appetite for innovation in financial services, it is essential that innovation always benefits consumers. This was one of the key messages that Gabriel Bernardino, Chair of the European Insurance and Occupational Pensions Authority (EIOPA) gave to...
Fri, 03 Jul 2020 10:08:13 +0000 Claire Bose 6854 at https://www.eiopa.europa.eu Monthly update of the symmetric adjustment of the equity capital charge for Solvency II – end June 2020 https://www.eiopa.europa.eu/content/monthly-update-symmetric-adjustment-equity-capital-charge-solvency-ii-%E2%80%93-end-june-2020_en Monthly update of the symmetric adjustment of the equity capital charge for Solvency II – end June 2020
The European Insurance and Occupational Pensions Authority (EIOPA) has published the technical information on the symmetric adjustment of the equity capital charge for Solvency II with reference to the end of June 2020 .
Wed, 04 Mar 2020 08:27:20 +0000 Ramona Delcea 6628 at https://www.eiopa.europa.eu Start of the Balance Sheet Review of the Romanian insurance sector in the second half of 2020 https://www.eiopa.europa.eu/content/start-balance-sheet-review-romanian-insurance-sector-second-half-2020_en Start of the Balance Sheet Review of the Romanian insurance sector in the second half of 2020
The European Insurance and Occupational Pensions Authority (EIOPA), together with the Financial Supervisory Authority of Romania (ASF), announces the start of the Balance Sheet Review of the Romanian insurance sector in the second semester of 2020. The exercise was previously postponed in view of...
Wed, 01 Jul 2020 14:55:02 +0000 Ramona Delcea 6849 at https://www.eiopa.europa.eu Cross-Border Cooperation Platform on Gefion Insurance A/S - The Danish Financial Supervisory Authority has withdrawn Gefion’s license https://www.eiopa.europa.eu/content/cross-border-cooperation-platform-gefion-insurance-danish-financial-supervisory-authority_en Cross-Border Cooperation Platform on Gefion Insurance A/S - The Danish Financial Supervisory Authority has withdrawn Gefion’s license
The Danish Financial Supervisory Authority has refused to grant Gefion Insurance A/S an extension of three months of the recovery period and therefore has withdrawn the company’s license as insurance company. Gefion Insurace A/S offers insurance through agents in Europe. The company primarily...
Mon, 29 Jun 2020 14:41:56 +0000 Ramona Delcea 6843 at https://www.eiopa.europa.eu EIOPA responds to the European Commission’s Digital Finance Strategy consultation https://www.eiopa.europa.eu/content/eiopa-responds-european-commission%E2%80%99s-digital-finance-strategy-consultation_en EIOPA responds to the European Commission’s Digital Finance Strategy consultation
Today, the European Insurance and Occupational Pensions Authority (EIOPA) responded to the consultation of European Commission on a new digital finance strategy for Europe. In its response EIOPA highlights that a sound approach to financial innovation should strike a balance between enhancing...
Mon, 29 Jun 2020 09:33:57 +0000 Ramona Delcea 6839 at https://www.eiopa.europa.eu EIOPA publishes its second Discussion Paper on Methodological Principles of Insurance Stress Testing https://www.eiopa.europa.eu/content/eiopa-publishes-its-second-discussion-paper-methodological-principles-insurance-stress_en EIOPA publishes its second Discussion Paper on Methodological Principles of Insurance Stress Testing
The European Insurance and Occupational Pensions Authority (EIOPA) published today its second Discussion Paper on Methodological Principles of Insurance Stress Testing . In 2019 EIOPA initiated a process of enhancing its methodology for bottom-up stress testing which resulted in the first...
Wed, 24 Jun 2020 12:57:46 +0000 Ramona Delcea 6836 at https://www.eiopa.europa.eu Findings of the Regular Supervisory Report (RSR) Peer Review Published https://www.eiopa.europa.eu/content/findings-regular-supervisory-report-rsr-peer-review-published_en Findings of the Regular Supervisory Report (RSR) Peer Review Published
Today, the European Insurance and Occupational Pensions Authority (EIOPA) published the findings of its peer review of the Regular Supervisory Report (RSR). The peer review examined how and to what extent the proportionate approach set out under the Delegated Regulation has been implemented among...
Thu, 18 Jun 2020 10:24:27 +0000 Pia Mujkic 6827 at https://www.eiopa.europa.eu Supervisory Activities in 2019 https://www.eiopa.europa.eu/content/supervisory-activities-2019_en Supervisory Activities in 2019
Today, EIOPA published its report on supervisory activities in 2019 highlighting activities and achievements throughout the course of the year, covering both prudential and conduct of business supervision. A key area of work in 2019 focused on proposing amendments to Solvency II in the context of...
Wed, 17 Jun 2020 07:45:51 +0000 Pia Mujkic 6824 at https://www.eiopa.europa.eu Publication of the Annual Report 2019 https://www.eiopa.europa.eu/content/publication-annual-report-2019_en Publication of the Annual Report 2019
Today, the European Insurance and Occupational Pensions Authority (EIOPA) published its 2019 Annual Report, setting out its activities and achievements of the past year. Throughout the course of the year, EIOPA continued to play an essential role in the supervision of insurance and pensions in...
Mon, 15 Jun 2020 09:31:52 +0000 Ramona Delcea 6817 at https://www.eiopa.europa.eu Update of the list of Internationally Active Insurance Groups in the EU https://www.eiopa.europa.eu/content/update-list-internationally-active-insurance-groups-eu_en Update of the list of Internationally Active Insurance Groups in the EU
The List of Internationally Active Insurance Groups (IAIGs) headquartered in the EU has been updated with the following insurance groups: AXA BNP Paribas Cardif CNP Assurances COVEA Crédit Agricole Assurances GROUPAMA SCOR SOGECAP For the up to date list of IAIGs please check the List of...
Fri, 12 Jun 2020 09:24:58 +0000 Ramona Delcea 6814 at https://www.eiopa.europa.eu EIOPA responds to the European Commission’s consultation on the revision of the Non-Financial Reporting Directive https://www.eiopa.europa.eu/content/eiopa-responds-european-commission%E2%80%99s-consultation-revision-non-financial-reporting-directive_en EIOPA responds to the European Commission’s consultation on the revision of the Non-Financial Reporting Directive
The European Insurance and Occupational Pensions Authority (EIOPA) has responded to the European Commission’s consultation on revision of the Non-Financial Reporting Directive (NFDR). EIOPA welcomes the initiative to revise the NFRD. Insurance undertakings and pension funds are at the forefront of...
Thu, 11 Jun 2020 10:21:02 +0000 Ramona Delcea 6813 at https://www.eiopa.europa.eu EIOPA consults on (re)insurance value chain and new business models arising from digitalisation https://www.eiopa.europa.eu/content/eiopa-consults-reinsurance-value-chain-and-new-business-models-arising-digitalisation_en EIOPA consults on (re)insurance value chain and new business models arising from digitalisation
Today, the European Insurance and Occupational Pension Authority (EIOPA) launched a public consultation on a ‘ Discussion paper on (re)insurance value chain and new business models arising from digitalisation ’. Technology continues to evolve, bringing new opportunities, social change and new...
Wed, 10 Jun 2020 10:17:11 +0000 Ramona Delcea 6809 at https://www.eiopa.europa.eu EIOPA supports the ESRB’s call on enhanced monitoring of liquidity risks in the insurance sector https://www.eiopa.europa.eu/content/eiopa-supports-esrb-call-enhanced-monitoring-liquidity-risks-insurance-sector_en EIOPA supports the ESRB’s call on enhanced monitoring of liquidity risks in the insurance sector
EIOPA supports the views expressed by the European Systemic Risk Board (ESRB) regarding the importance of improving the monitoring of liquidity risks in the insurance sector with the aim to enhance Europe’s preparedness to potential future shocks. In this context, as a response to Covid-19, EIOPA...
Tue, 09 Jun 2020 16:41:29 +0000 Ramona Delcea 6807 at https://www.eiopa.europa.eu ESAs announce public hearing on ESG disclosures https://www.eiopa.europa.eu/content/esas-announce-public-hearing-esg-disclosures_en ESAs announce public hearing on ESG disclosures
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) will organise on 2 July 2020 a public hearing on proposed environmental, social and governance (ESG) disclosure standards for financial market participants, advisers and products. The aim of the public hearing is to explain and...
Tue, 09 Jun 2020 09:01:26 +0000 Ramona Delcea 6806 at https://www.eiopa.europa.eu Change of Extraordinary RFR/EDA productions from weekly frequency to every two weeks https://www.eiopa.europa.eu/content/change-extraordinary-rfreda-productions-weekly-frequency-every-two-weeks_en Change of Extraordinary RFR/EDA productions from weekly frequency to every two weeks
EIOPA has changed the frequency of current extraordinary processes for risk-free interest rate term structures (RFR) and symmetric adjustment to equity risk (EDA) from a weekly basis to every two weeks. The new frequency will apply from the week starting on 25 May. A calendar for the next...
Tue, 19 May 2020 09:13:36 +0000 Ramona Delcea 6769 at https://www.eiopa.europa.eu European insurers face increased risk exposures due to Covid-19, but market perceptions and imbalances remained at medium level https://www.eiopa.europa.eu/content/european-insurers-face-increased-risk-exposures-due-covid-19-market-perceptions-and_en European insurers face increased risk exposures due to Covid-19, but market perceptions and imbalances remained at medium level
Today, the European Insurance and Occupational Pensions Authority (EIOPA) published its updated Risk Dashboard based on the fourth quarter 2019 Solvency II data. Despite the fact that some indicators used in this Risk Dashboard do not capture the latest market development in the context of Covid-19...
Mon, 18 May 2020 15:23:53 +0000 Ramona Delcea 6768 at https://www.eiopa.europa.eu Publication of the list of Internationally Active Insurance Groups (IAIG) in the EU https://www.eiopa.europa.eu/content/publication-list-internationally-active-insurance-groups-iaig-eu_en Publication of the list of Internationally Active Insurance Groups (IAIG) in the EU
The European Insurance and Occupational Pensions Authority (EIOPA) has published the list of Internationally Active Insurance Groups (IAIGs) headquartered in the EU. IAIGs are the focus of the International Association of Insurance Supervisors (IAIS) Common Framework for the Supervision of...
Tue, 12 May 2020 15:48:32 +0000 Ramona Delcea 6760 at https://www.eiopa.europa.eu Joint RTS on amendments to the bilateral margin requirements under EMIR in response to the COVID-19 outbreak https://www.eiopa.europa.eu/content/joint-rts-amendments-bilateral-margin-requirements-under-emir-response-covid-19-outbreak_en Joint RTS on amendments to the bilateral margin requirements under EMIR in response to the COVID-19 outbreak
The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs), in response to the COVID-19 outbreak have published joint draft Regulatory Technical Standards (RTS) to amend the Delegated Regulation on the risk mitigation techniques for non-centrally cleared OTC derivatives (bilateral margining...
Mon, 04 May 2020 12:36:03 +0000 Claire Bose 6745 at https://www.eiopa.europa.eu EIOPA revises its timetable for advice on Solvency II Review until end December 2020 https://www.eiopa.europa.eu/content/eiopa-revises-its-timetable-advice-solvency-ii-review-until-end-december-2020_en EIOPA revises its timetable for advice on Solvency II Review until end December 2020
EIOPA, in close coordination with the European Commission, has decided to deliver its advice to the European Commission at end December 2020, to take into account the importance of assessing the impact of the current Covid-19 situation on the Solvency II Review. EIOPA earlier announced on 17 March...
Thu, 30 Apr 2020 15:32:20 +0000 Claire Bose 6742 at https://www.eiopa.europa.eu EIOPA publishes weekly information for Relevant Risk Free Interest Rate Term Structures and Symmetric Adjustment to Equity Risk with reference to 27 April 2020 https://www.eiopa.europa.eu/content/eiopa-publishes-weekly-information-relevant-risk-free-interest-rate-term-structures-and_en EIOPA publishes weekly information for Relevant Risk Free Interest Rate Term Structures and Symmetric Adjustment to Equity Risk with reference to 27 April 2020
Due to COVID-19 outbreak, in the coming weeks European Insurance and Occupational Pensions Authority will carry out extraordinary calculations on weekly basis to monitor the evolution of the relevant risk-free interest rate term structures (RFR) and the symmetric adjustment to equity risk (EDA)...
Fri, 27 Mar 2020 16:46:00 +0000 Ramona Delcea 6690 at https://www.eiopa.europa.eu ESAs consult on environmental, social and governance disclosure rules https://www.eiopa.europa.eu/content/esas-consult-environmental-social-and-governance-disclosure-rules_en ESAs consult on environmental, social and governance disclosure rules
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) have today issued a Consultation Paper seeking input on proposed environmental, social and governance (ESG) disclosure standards for financial market participants, advisers and products. These standards have been developed...
Thu, 23 Apr 2020 08:41:21 +0000 Claire Bose 6732 at https://www.eiopa.europa.eu Statement on principles to mitigate the impact of Coronavirus/COVID-19 on the occupational pensions sector in Europe https://www.eiopa.europa.eu/content/statement-principles-mitigate-impact-coronaviruscovid-19-occupational-pensions-sector-europe_en Statement on principles to mitigate the impact of Coronavirus/COVID-19 on the occupational pensions sector in Europe
Today the European Insurance and Occupational Pensions Authority has issued a Statement on principles to mitigate the impact of Coronavirus/COVID-19 on the occupational pensions sector . The statement recognises the stabilising role that institutions for occupational retirement provision (IORPs)...
Fri, 17 Apr 2020 11:34:16 +0000 Ramona Delcea 6724 at https://www.eiopa.europa.eu Changes to the Management Board https://www.eiopa.europa.eu/content/changes-management-board_en Changes to the Management Board
EIOPA’s Board of Supervisors elected two new members to the Management Board : Ms Åsa Larson, Executive Director for Insurance at the Swedish Finansinspektionen, effective from 30 January 2020, as well as Ms Else Bos, Executive Board Member and Chair of Prudential Supervision at De Nederlandsche...
Thu, 16 Apr 2020 08:57:33 +0000 Ramona Delcea 6720 at https://www.eiopa.europa.eu EIOPA extends deadline for stakeholder group applications https://www.eiopa.europa.eu/content/eiopa-extends-deadline-stakeholder-group-applications_en EIOPA extends deadline for stakeholder group applications
The European Insurance and Occupational Pensions Authority (EIOPA) is currently seeking applications for its two Stakeholder Groups, the Insurance and Reinsurance Stakeholder Group and the Occupational Pensions Stakeholder Group. In light of the challenges and difficulties caused by the Covid-19...
Tue, 07 Apr 2020 16:05:48 +0000 Ramona Delcea 6716 at https://www.eiopa.europa.eu EIOPA publishes Opinion on the supervision of remuneration principles in the insurance and reinsurance sector https://www.eiopa.europa.eu/content/eiopa-publishes-opinion-supervision-remuneration-principles-insurance-and-reinsurance-sector_en EIOPA publishes Opinion on the supervision of remuneration principles in the insurance and reinsurance sector
Today, the European Insurance and Occupational Pensions Authority (EIOPA) has published an Opinion on the supervision of remuneration principles in the insurance and reinsurance sector. The Opinion addresses how to ensure consistent practices in the application of the remuneration principles...
Tue, 07 Apr 2020 15:24:32 +0000 Ramona Delcea 6715 at https://www.eiopa.europa.eu EIOPA publishes second report on costs and pasts performance of insurance based investment products and personal pension products https://www.eiopa.europa.eu/content/eiopa-publishes-second-report-costs-and-pasts-performance-insurance-based-investment_en EIOPA publishes second report on costs and pasts performance of insurance based investment products and personal pension products
Unit-linked products can offer high returns but also pose risks for consumers during periods of poor market returns 2018 performance was the lowest for the last 5 years Costs remain high. Profit participation products continue having lower costs than unit-linked products Ongoing costs continue...
Mon, 06 Apr 2020 12:15:20 +0000 Claire Bose 6710 at https://www.eiopa.europa.eu Monthly technical information for Solvency II Relevant Risk Free Interest Rate Term Structures – end-March 2020 https://www.eiopa.europa.eu/content/monthly-technical-information-solvency-ii-relevant-risk-free-interest-rate-term-structures-%E2%80%93_en Monthly technical information for Solvency II Relevant Risk Free Interest Rate Term Structures – end-March 2020
Today, the European Insurance and Occupational Pensions Authority (EIOPA) published technical information on the relevant risk free interest rate term structures (RFR) with reference to the end of March 2020 . RFR information has been calculated on the basis of the updated representative portfolios...
Fri, 03 Apr 2020 13:59:38 +0000 Claire Bose 6706 at https://www.eiopa.europa.eu Monthly update of the symmetric adjustment of the equity capital charge for Solvency II – end-March 2020 https://www.eiopa.europa.eu/content/monthly-update-symmetric-adjustment-equity-capital-charge-solvency-ii-%E2%80%93-end-march-2020_en Monthly update of the symmetric adjustment of the equity capital charge for Solvency II – end-March 2020
The European Insurance and Occupational Pensions Authority (EIOPA) has published the technical information on the symmetric adjustment of the equity capital charge for Solvency II with reference to the end of March 2020 . Legal Background The symmetric adjustment is regulated mainly in Article 106...
Fri, 03 Apr 2020 10:38:20 +0000 Claire Bose 6704 at https://www.eiopa.europa.eu EIOPA urges (re)insurers to temporarily suspend all discretionary dividend distributions and share buy backs https://www.eiopa.europa.eu/content/eiopa-urges-reinsurers-temporarily-suspend-all-discretionary-dividend-distributions-and_en EIOPA urges (re)insurers to temporarily suspend all discretionary dividend distributions and share buy backs
Today, the European Insurance and Occupational Pensions Authority (EIOPA) has published a statement on dividends distribution and variable remuneration policies in the context of COVID-19 . Taking due account of the current level of uncertainty on the depth, magnitude and duration of the impacts of...
Thu, 02 Apr 2020 16:08:42 +0000 Claire Bose 6701 at https://www.eiopa.europa.eu Update on other measures impacted by COVID-19 pandemic https://www.eiopa.europa.eu/content/update-other-measures-impacted-covid-19-pandemic_en Update on other measures impacted by COVID-19 pandemic
I. Introduction 1. The outbreak of COVID-19 has significantly impacted the activities of EIOPA, NCAs and financial institutions, ranging from the need to assess implications to the market and propose immediate regulatory measures relevant for the current situation, to the deployment of business...
Thu, 02 Apr 2020 14:04:55 +0000 Claire Bose 6700 at https://www.eiopa.europa.eu